STOPPED OUT MXY.TO

Stopped out of MXY.TO today with another loss of $230 (6%). This is starting to really suck. I think my pre-emptive strikes are not working in this market. Need to find better setups with the 20/50 flat or pointing a little up. Need to adjust!

Bought MXY.TO

I took a shot at some MXY.TO today with a order on the 50MA. It really needs to stay above the 50MA and make a strong move above the 200MA. My stop is just below the 20MA but I might even sell it before it gets there if I get the willy jillies. 3000 shares at 1.22

Bought GBN.V

Giving GBN.V another stab. 6000 shares @ 0.425 with a stop at 0.39 at most.

Bought CBT.V

Took 15000 shares at 0.105 of CBT.V with The Plan in the chart.

Sold HXD.TO

Whip it, whip it good. Holly whipsaw volatile batman. Stopped out with a $80 (1%) loss.

Bought HXD.TO

This is the daily chart of the XIU.TO, the TSX60. I am shorting the bounce from the trendline break.

Bought 1000 shares @ 8.65 with a stop at 8.59 or sooner. SP, Q's are very weak and I am looking for the TSX to follow. Japan had a earthquake almost a week ago and the tsunami has destroyed the destroyed the nuclear power plants. Radiation is leaking and there are high chances a full meltdown. Best wishes for the Japanese and world, this is serious serious stuff.

Sold HFD.TO

Finally banked a profitable trade. Sold HFD.TO with a $239 (5%) profit. I know write down my plan for every trade and I have to stick to that plan and that's why I sold HFD.TO this morning because it hit my exact target, I would've been pissed off at myself if I didn't because it has pulled back right after 7.30 was hit.

PMT.TO & HFD.TO

Brutal, this is my 6 or 7 straight losing trade. Stopped out of PMT.TO with a $86 (1.5%) loss.

 

 

I took 700 shares at 6.91 of HFD.TO which is the 2x Canadian financials short.

Sold ARZ.TO

I got stopped out of my ARZ.TO with a $132 (2.5%) loss. I am on a losing streak so I've lighten up. Gold hits a new high and gold stocks are going no where but down even. Not good! This market is as choppy as hell on a rollercoaster and I am chop liver.

HED.TO, GBN.V, PMT.TO

I finally capitulated today on HED.TO. I really fucked this trade up and took a beating and loss $1,010 (24%). I had a chance to get out too but my emotions got in the way and I was like a deer in the headlights. It really shows how one bad trade can really ruin your portfolio. So disappointed with myself ;(

The day I took this at 0.47, it basically had to go up because it was at recent support. In hindsight, it did not look good because it was below the 20 & 50 MA. It went down right after I bought it and made new lows and now looks worse. So I waited for the bounce and got the hell outta there at 0.46 with a $80 (2.5%) loss which is a victory in my books.

And finally I took a crack at PMT.TO on this pullback. I bought 1100 @ 4.09 with a stop at 3.95 at most but I'd be outta there if it even touches or closes below the 20 & 50 MAs.

Sold HJD.TO With A Loss

Man, I am a losing streak here. Sold my HJD.TO emerging markets short with a $245 (5%) loss.

Bought HJD.TO

Took another crack at shorting the emerging markets. I am watching the EEM closely and will not give this much room, I may even get stopped out tomorrow.

I am updating this again just to show how bad and how fast things can get when you don't have stops. Thank god I followed my rules on this one. Technical analysis works, you just have to follow your rules. What's the difference between a speculator and a investor? Speculators use stops!

Bought ARZ.TO & GBN.V

I bought 6000 @ 0.47 early in the morning and it went down all day on huge volume. I hope its some sort of capitulation but it looks horrible. I have to be very careful with this, if it doesn't get some sort of bounce tomorrow I'll probably sell it. I really don't want to see this thing below 0.42

I also bought 700 @ 7.04 early in the morning and it's working out nicely. I'd love to see it follow through tomorrow and break the 7.58 resistance in the next couple of days. Gold hit a new high today of $1435.

This is a update on CRK.TO which I sold 3 days ago and took a $95 (2.2%) loss. It just fell apart right after I sold it. This is why so important that I follow my technical analysis rules no matter what the story is. Something I should've done with my HED.TO where I've broken the rules and I am stuck with it trying to get out. Break the rules, pay the price.

Sold HJD.TO & CRK.TO

I also covered my emerging markets short by selling the HJD.TO with a $410 (10%) profit.

I got out of CRK.TO today when all gold stocks got whacked hard today. I bailed with a small loss of $95 or 2.2%

Sold HQD.TO With Small Loss

I finally bailed out of my Nasdaq 100 short today with a small loss of $120 or 1.2%. This is what happens when I don't pay attention. I was working on some stuff 2 weeks ago but it's no excuse because my HED.TO is doing horrible and I am looking to get out of it.

Bought CRK.TO

I bought 2500 shares at 1.37 of CRK.TO today. This junior gold stock has been holding up quite well relative to most of the other gold stocks which have been getting killed. They've all got a nice bounce today so I am taking a bet on the stronger ones. Pretty low risk entry here above the 200MA with a stop below recent lows of 1.30. I am not looking for new highs or anything like that because I think there needs to be more time for base building or even lower lows for most gold stocks but I may get a nice pop back up to the resistance at 1.60 which is basically the 1.30 to 1.60 range.

Shorting The Nasdaq 100 With HQD.TO

This is a closer look of the QQQQ. It's a 60 minutes chart with a clear up channel which I am betting will break.

This is the QQQQ daily chart which is the US Dollar ETF. I look at this as the proxy when buying the 2x ETF's.

So I bought 600 shares at 7.50 of HQD.TO which is the 2x leverage inverse ETF to the Nasdaq 100.

Sold FEL.TO For 9.7% Profit

Stopped out of the last 500 shares of FEL.TO @ 4.69 for a $410 profit, a 9.7% gain.

Shorting Emerging Markets With HJD.TO

I bought 500 shares at 8.54 of HJD.TO today. This is the 2x leveraged MSCI Emerging Markets ETF. For every 1% the EEM index below goes down, this ETF goes up 2% or the reverse. It's extremely thin volume so the spread is wide sometimes but I it should do well if the Emerging Markets roll over which is what I am hoping.

This is the iShares MSCI Emerging Markets ETF traded in the US markets. Since I can't short with my TFSA account, I have to buy the inverse ETF and the only one that's available in Canada is the HJD.TO above. The trendline has not broken yet so I am jumping the gun a bit but I think the markets have peaked or very close as in a couple of days.

Sold GMR.V & SNV.V

Got out of SNV.V for a $80 loss.

Got out of my GMR.V trade for a small loss of $20 which is basically the trade fees. The market is way overbought and we're due for a correction. I am selling non-performers and have raised my trailing stop on FEL.TO. I am 57% cash and will start looking at short setups.